Effective from 1st August 2018, NPCI has banned Same account UPI Transaction while Same user 1 bank to another bank is Working Fine. This decision has been taken by NPCI in order to Stop Artificial transactions which users are doing Now-a-days to Get Cashback, The Another reason behind this is that is to avoid the unnecessary load on the system which will help to reduce the failure rates of payments on UPI platform due to low-value and repeated transactions. However we can Send money from our 1 account to another Bank account without any problem !!
Why NPCI Banned UPI Transactions to Same Bank Account:-
To curb fake or artificial transactions in order to get cashbacks, Continue reading